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What does it take to beat the market? Investment expert Dr. Mark Skousen shares the surprising answer.

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Beating the Market: Surprise, Surprise, the Monkeys Win!

What does it take to beat the market? Investment expert Dr. Mark Skousen shares the surprising answer.

??A blindfolded monkey throwing darts at a newspaper’s financial pages could select a portfolio that would do just as well as one carefully selected by experts.?

–Burt Malkiel, ??A Random Walk Down Wall Street?

On the first day of my ??Financial Economics? class at Chapman University, I ask the students to pick one single stock that they think will perform the best. Then, in the spirit of Burton Malkiel??s textbook, ??A Random Walk Down Wall Street,? the students individually throw a dart at a page containing a list of 1,000 stocks published in the Wall Street Journal.  Whatever stock they hit is included in a ??dart stock portfolio.?

At the end of the Spring semester three months later, I average the return of all the stock picks by the students and then by the darts to see if these two portfolios can beat the overall market index. We just finished the Spring semester, and guess who won?

Click here to read the rest of the article, “Beating the Market: Surprise, Surprise, the Monkeys Win!

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Written By

Mark Skousen is a college professor, prolific author and world-renowned speaker. He??s made his unique sense of market and investment trends known and respected in the financial world. With a Ph.D. in economics and a focus on the principles of free-market capitalism and ??Austrian? economics, Mark Skousen has often gone contrary to the crowd in his investment choices and economic predictions ?? and has often been proved right.

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archive

Beating the Market: Surprise, Surprise, the Monkeys Win!

“A blindfolded monkey throwing darts at a newspaper’s financial pages could select a portfolio that would do just as well as one carefully selected by experts.”

–Burt Malkiel, “A Random Walk Down Wall Street”

On the first day of my “Financial Economics” class at Chapman University, I ask the students to pick one single stock that they think will perform the best. Then, in the spirit of Burton Malkiel’s textbook, “A Random Walk Down Wall Street,” the students individually throw a dart at a page containing a list of 1,000 stocks published in the Wall Street Journal.  Whatever stock they hit is included in a “dart stock portfolio.”

At the end of the Spring semester three months later, I average the return of all the stock picks by the students and then by the darts to see if these two portfolios can beat the overall market index. We just finished the Spring semester, and guess who won?

Click here to read the rest of the article, “Beating the Market: Surprise, Surprise, the Monkeys Win!

Newsletter Signup.

Sign up to the Human Events newsletter

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